Battle of the Bots – Final results

Now that Revenyou has come up with their own Bots League (you are welcome for the idea) it is time to publish the final results in my Battle of the Bots league.

In the Battle of the Bots series I have compared the performances of various crypto trading bots (see previous blogs for an explanation and a description of the competing bots. Link at the end of this post). The monthly results of three series of battles between three trading bots of different botcreators could help in deciding which bots or botcreators to choose.

Here are the final results.

Battle of the Bots 1

  1. Top10 Balance 2 bot +163,02%
  2. Sweet Orange Mia bot +63,35%
  3. Power of Pi bot +22,33%

Battle of the Bots 2 (in crypto value)

  1. Joe Daredevil bot +6,36%
  2. DeFi Strategy bot -8,30%
  3. CBS by Altrady bot -26,50%

Because DeFi Strategy bot and CBS by Altrady bot have Bitcoin as their basecoin, and Bitcoin has increased in value over the past three months, these trading bots have increased more in euro value than their USDT based counterparts. USDT (US Dollar stablecoin) has decreased in value compared to the euro.

Battle of the Bots 2 (in euro value)

  1. DeFi Strategy bot +123,42%
  2. CBS by Altrady bot +79,07%
  3. Joe Daredevil bot +2,18%

Battle of the Bots 3

  1. Beetlejuice bot +62,33%
  2. Botzilla bot +5,81%
  3. Dr. Block bot +3,55%

Best crypto trading bots top 3

  1. Top10 Balance 2 bot by Dembots +163,02%
  2. Sweet Orange Mia bot by Agga Technologies +63,35%
  3. Beetlejuice bot by The Noogieman +62,33%

Best euro earning bots top 3

  1. Top10 Balance 2 bot by Dembots +152,79%
  2. DeFi Strategy bot by Dagobert Buck +123,42%
  3. CBS by Altrady bot +79,07%

Battle of the Bots pt. 3 update

In the Battle of the Bots series I will compare the performances of various bots. The monthly results of three series of battles between three trading bots of different botcreators will be posted for the next year. The goal is to evaluate the bots performance over a longer period of time, both in winning as well as in decreasing crypto currency markets.

In the third battle a long time favorite of many bots-users will compete against two BTC based bots. What difference does the base coin make?

  • JoeDaredevil by Boosting Alpha: This bot invests in 18 high volatility coins, lesser known coins with lower market volumes. Therefore it targets a relatively high profit potential. Estimated annual return is 129%. Risk level according to the bots app is 9/12. Basecoin USDT.
  • CBS (CryptoBaseScanner) by Altrady: The oldest bot on the platform. A unique algorithm that works by automatically analyzing the market history for each available market, checking current prices against previous support levels so that the bot buys low and sells high . Testing results predict a 36% return on investment (ROI). A risky bot according to the bots app, 10/12. Basecoin BTC.
  • DeFi Strategy by Dagobert Buck: The bot focuses on the Top 10 coins in the world of Decentralized Finance (DeFi), a strong emerging submarket within crypto with a lot of growth potential. It targets a ROI of 70% per year. The bots app rates it as a high risk bot with risk level 11/12. Basecoin BTC.

The following chart shows the results of the three bots over the past two months.

Performance in crypto view

JoeDaredevil, represented by the blue line, has been able to increase the amount of base coin, being Theter (USDT), while CBS (grey line) and DeFi strategy (orange line) have had a hard time finding and trading coins that outperformed their base coin BTC. It looks like CBS traded a coin that has experienced a free fall, losing more than 25% overnight (was it XRP?). Unfortunately the botcreator cannot give a clarification. Altrady’s reaction:“Unfortunately I cannot provide an answer myself because I do not receive any feedback from RY as to which signals have or have not been sold. I also suffer from it. I lost 30% in one night.”

Because of the rapid growth of BTC, the chart in euro view gives a completely different picture.

Performance in euro view

Final score after two month in basecoin (result after one month):

      1. JoeDaredevil by Boosting Alpha  : +17,16% (+10,85%)
      2. DeFi Strategy by Dagobert Buck: -7,89% (-6,05%)
      3. CBS by Altrady: -22,07% (+0,06%)

Final score after two month in euro (result after one month):

      1. DeFi Strategy by Dagobert Buck: +85,38% (+27,75%)
      2. CBS by Altrady: +56,92% (+36,07%)
      3. JoeDaredevil by Boosting Alpha  : +11,49% (+7,12%)

2020 has clearly been a very good year for Bitcoin, and therefore for trading bots with Bitcoin as their basecoin. Because of the enormous increase in value  of Bitcoin (today’s value is almost 4 times last year’s value), the value in euro’s of BTC based bots has seen enormous increases as well.

The US dollar on the other hand (and with it USDT as the US dollar based stablecoin) has decreased almost 10% in value last year, compared to the euro. This is discounted in the results of trading bots based on the stablecoin, which can be seen if you compare above results for JoeDaredevil (17% in USDT vs 11% in euro).

The question remains if BTC based bots will perform as well with a decreasing Bitcoin. They should be able to make better trades if coins they trade catch up the 2020 losses against the Bitcoin. But they will not be able to surf Bitcoin’s increasing value any longer. USDT based bots will benefit from a rebounce of the US dollar. For now, looking at euro value, BTC based bots are the winners of 2020.

Battle of the Bots pt. 2 update

In the Battle of the Bots series I will compare the performances of various bots. The monthly results of three series of battles between three bots of different botcreators will be posted for the next year. The goal is to evaluate the bots performance over a longer period of time, both in winning as well as in decreasing crypto currency markets.

In the second battle the following B-bots will compete (all three starting with the letter B).

  • Beetlejuice by The Noogieman: This bot scans 6 different coins being ETH, TRX, ADA, VET, TFUEL and THETA. It uses many different concepts to try to determine the best entry and exit points for trades and uses both stoploss and takeprofit levels. Estimated annual return is 48%. Risk level according to the bots app is 8/12.
  • Dr. Block by Rave before the Machine: This bot only invests in Bitcoin and is a risk spreader using small steps when getting into its asset. Analysis is key, to ensure profits are secured and possible losses are reduces. Testing results over the first half of 2020 show a 46,2% return on investment (ROI). A lower risk bot according to the bots app, 6/12.
  • Botzilla by Hot Bots Team: The behavior of this bot is as assertive and aggressive as the name might suggest according to the botcreator. The bot solely trades in the most liquid and biggest cryptocurrencies. It targets a ROI of 20% per year. The bots app rates it as a mild risk bot with risk level 7/12.

The chart shows the results after two month of comparing these bots.

In the chart the blue line represents Beetlejuice, the orange line Dr. Block and the grey line Botzilla. All three bots managed to achieve positive result over the last month.

The score after two months (score after one month).

  1. Beetlejuice by The Noogieman : +36,15% (+14,24%)
  2. Dr. Block by Rage before the Machine: +11,24% (+5,23%)
  3. Botzilla by Hot Bots Team: +8,65% (+4,04%)

In the second month all three bots continue to show more or less the same growth rate as the first month. Beetlejuice, being the riskiest of the three bots according to the Bots app, shows the most volatility, which pays off in the current growing crypto currency market. Both Dr. Block an Botzilla are less volatile and less active, showing a flatline for part of the second month.

Tomorrow an update of the third and last battle of three bots.

Battle of the Bots pt. 1 update

In the Battle of the Bots series I will compare the performances of various crypto trading bots. The monthly results of three series of battles between three bots of different botcreators will be posted for the next year. The goal is to evaluate the bots performance over a longer period of time, both in winning as well as in decreasing crypto currency markets.

In the first battle the following trading bots are competing.

  • Power of Pi by Boosting Alpha: This bot scans 7 different coin markets using the mysterious constant value Pi in it’s algorithm. The bot has a calculated cumulative return in 24 months of 94% with a high volatility risk according to the botcreator. Risk level according to the bots app is 8/12.
  • Top 10 Balance 2 by Dembots: A long term steady bot which checks top performing coins with the highest volume every last 30 days. A concept similar to some well proven ETF strategies. The bot won’t win on big spikes, but if the market wins, you win. A high risk bot according to the bots app, 11/12.
  • Sweet Orange Mia by Agga Technologies: A balanced long term risk strategy that only trades Bitcoin. It trades on a small and medium timeframe to ensure it’s ability to react smoothly to moving market trends. Yearly testing results predicted a 2020 performance of 89,47%. A mild risk bot according to the bots app with risk level 8/12.

The results of these three bots after two months is represented in the following chart.

In the chart the blue line represents Power of Pi, the orange line Top 10 Balance 2 and the grey line Sweet Orange Mia.

The score after two months in percentages (score after one month):

  1. Top 10 balance 2 by Dembots: +58,73% (+45,23%)
  2. Sweet Orange Mia by Agga Technologies: +23,07% (+8,26%)
  3. Power of Pi by Boosting Alpha: +14,45% (+6,16%)

In the growing crypto market all three bots have taken advantage and been able to increase the value of their investment over the past month. Top 10 Balance 2 is “always on”, always in position, and dependent on performance of the Top 10 coins. It has benefited from the growth of bitcoin and ethereum, but suffered from the decline of ripple. Sweet Orange Mia and Power of Pi take to the sidelines when their algorithms suspects a decline, as can be seen by flatline periods in the chart. They should be able to protect profits better in case of a downtrend in the crypto market, hence their lower risk profile. The future will tell which bot performs best, and if they are able to live up to the promises of their predicted annual  results of 90%.

Tomorrow an update of the second battle of three bots.

Battle of the Bots pt. 3

In the Battle of the Bots series I will compare the performances of various bots. The monthly results of three series of battles between three bots of different botcreators will be posted for the next year. The goal is to evaluate the bots performance over a longer period of time, both in winning as well as in decreasing crypto currency markets.

In the third battle a long time favorite of many bots-users will compete against two BTC based bots. What difference does the base coin make?

  • JoeDaredevil by Boosting Alpha: This bot invests in 18 high volatility coins, lesser known coins with lower market volumes. Therefore it targets a relatively high profit potential. Estimated annual return is 129%. Risk level according to the bots app is 9/12. Basecoin USDT.
  • CBS (CryptoBaseScanner) by Altrady: The oldest bot on the platform. A unique algorithm that works by automatically analyzing the market history for each available market, checking current prices against previous support levels so that the bot buys low and sells high . Testing results predict a 36% return on investment (ROI). A risky bot according to the bots app, 10/12. Basecoin BTC.
  • DeFi Strategy by Dagobert Buck: The bot focuses on the Top 10 coins in the world of Decentralized Finance (DeFi), a strong emerging submarket within crypto with a lot of growth potential. It targets a ROI of 70% per year. The bots app rates it as a high risk bot with risk level 11/12. Basecoin BTC.

Let’s have a look at the results after the first month of comparing these bots.

Battle of the Bots 3 – results in basecoin

In the chart the blue line represents JoeDaredevil, the orange line DeFi Strategy and the grey line CBS. JoeDaredevil has done a good job gaining more than 10% last month. Because of last months big increase in value of Bitcoin, the BTC based coins are having a hard time trading profitably. It is hard to step into a BTC-pair position with a coin increasing more in value than BTC. The BTC based bots benefit from the growth of BTC in another way, namely through their appreciation in euro.

If we compare euro results instead of basecoin results we see a different chart.

Battle of the Bots 3 – results in euro

Now we see that the BTC based bots CBS (grey line) and DeFi Strategy (orange line) outperform JoeDaredevil (blue line). The rise in value of BTC against the euro, the 15% correction of BTC and the recovery from that correction are clearly visible in the grey and orange price trendlines. JoeDaredevil posted a lesser result in euro than in basecoin because of the rise of the value of euro against USD(T).

Final score after the first month in basecoin:

      1. JoeDaredevil by Boosting Alpha  : +10,85%
      2. CBS by Altrady: +0,06%
      3. DeFi Strategy by Dagobert Buck: -6,05%

Final score after the first month in euro:

      1. CBS by Altrady: +36,07%
      2. DeFi Strategy by Dagobert Buck: +27,75%
      3. JoeDaredevil by Boosting Alpha  : +7,12%

The euro results of BTC based bots depend heavily on the performance of Bitcoin. Buying these bots is a good strategy if you believe in the future of the biggest crypto coin. Because of this dependency, the risk of these bots is higher than of bots based on a stable coin like Tether (USDT). Determine your risk appetite before choosing the bot that suits you best.

I will continue to follow the performance of these three bots and report back at the end of december with a new interim score.